Perrigo Co PLC

PRGO: XNYS (USA)

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Perrigo: Infant Formula Sale Looks Like a Strategically Sound Move

Keonhee Kim

Oct 30, 2026

Perrigo announced the sale of its infant formula business to MeridianMade for $40 million in cash plus up to $135 million in contingent payments through 2030. The deal is expected to close in the first half of 2027. Perrigo shares traded sideways on the news.

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Perrigo Co PLC

Perrigo: Infant Formula Sale Looks Like a Strategically Sound Move

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